Elme Communities's fundamentals are relatively healthy, and its growth potential is significant.Its valuation is considered fairly valued, ranking 74 out of 189 in the Residential & Commercial REITs industry.Institutional ownership is very high.Over the past month, multiple analysts have rated it as Hold, with the highest price target at 18.00.In the medium term, the stock price is expected to trend down.Despite a very weak market performance over the past month, the company shows strong fundamentals and technicals.The stock price is trading sideways between the support and resistance levels, making it suitable for range-bound swing trading.
Elme Communities's Score
Industry at a Glance
Industry Ranking
74 / 189
Overall Ranking
156 / 4565
Industry
Residential & Commercial REITs
Support & Resistance
Relevant data have not been disclosed by the company yet.
Score Analysis
Current score
Previous score
Media Coverage
Last 24 hours
Coverage Level
Very Low
Very High
Negative-
Elme Communities Highlights
StrengthsRisks
Elme Communities is a multifamily real estate investment trust that owns and operates apartment homes in the Washington, DC metro and the Atlanta metro. The Company operates in a single reportable segment which includes the ownership, development, redevelopment and acquisition of apartment communities (the Residential segment). The Company’s properties include Riverside Apartments, Elme Bethesda, Elme Germantown, Elme Watkins Mill, 3801 Connecticut Avenue, Kenmore Apartments, Elme Conyers, Elme Marietta and Elme Sandy Springs. It also owns and operates approximately 300,000 square feet of commercial space (Watergate 600) in the Washington, DC metro region.
High Growth
The company's revenue has grown steadily over the past 3 years, averaging 15.55% year-on-year.
Overvalued
The company’s latest PE is -1.04, at a high 3-year percentile range.
Institutional Selling
The latest institutional holdings are 82.87M shares, decreasing 13.35% quarter-over-quarter.
Elme Communities is a multifamily real estate investment trust that owns and operates apartment homes in the Washington, DC metro and the Atlanta metro. The Company operates in a single reportable segment which includes the ownership, development, redevelopment and acquisition of apartment communities (the Residential segment). The Company’s properties include Riverside Apartments, Elme Bethesda, Elme Germantown, Elme Watkins Mill, 3801 Connecticut Avenue, Kenmore Apartments, Elme Conyers, Elme Marietta and Elme Sandy Springs. It also owns and operates approximately 300,000 square feet of commercial space (Watergate 600) in the Washington, DC metro region.